Donations to charities have hovered at around 2 percent of America’s gross domestic product for decades. To increase last year’s $316-billion total giving by 1 percentage point, charities would have had to raise an extra $158-billion.
Below are some ideas to boost donations as well as estimates of how much they extra they could provide to charities.
The Starbucks Solution
Patrick Rooney, a top official at the Indiana University Lilly Family School of Philanthropy, says he has calculated that giving by individuals would roughly double if every household reallocated $5 a day that it now spends on Starbucks drinks or other “superfluous consumption.” Here’s the math:
What individuals gave in 2012: $228.9-billion
Number of American households in 2012: 121 million
Extra dollars: $1,825 per household or $220.8-billion
HAVE ONE CUP OF COFFEE PER WEEK LESS – DONATE THAT $1.25 TO A CHARITY YOU WOULD SUPPORT, MAKE THE DIFFERENCT TO SOMEONE OR SOME ANIMAL.